Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Political Economy

Tax and spend, crony capitalism and the peasant revolt

Edward Harrison Apr 23, 2021

Let's veer into the political economy today, a sort of third rail of market and economic commentary. The reason I want to discuss it is the tax grab contemplated by the Biden Administration in the US. Yesterday, news came out that Biden is…

Daily

Winning the footrace against the variants and approaching the new normal

Edward Harrison Apr 22, 2021

Winning the footrace If you look at the SARS-CoV-2 case counts in the United States, they're flat to declining over the past two weeks. The fourth wave of the coronavirus in the US has been more muted than previous waves. And while some…

Technology

The Crypto land grab concept and technological displacement

Edward Harrison Apr 20, 2021

At RealVision, we have a whole group and a whole suite of video interviews dedicated to Crypto. But I am considered a macro guy at RV. And so, I try to stay out of the crypto side of things except to the degree it relates to traditional…

Daily

A quick word on bond vigilantism and market mania

Edward Harrison Apr 19, 2021

I am sceptical of the long-term durability of this cycle. But, we have to remember that we had a record-long economic cycle after the Great Financial Crisis. And now, policymakers are not willing to accept impotence, either on the monetary…

Technology

Crypto: a sea change in how we gain trust

Edward Harrison Apr 16, 2021

I have a conversation scheduled for 4PM today with Real Vision CEO and Co-Founder Raoul Pal. And I wanted to use today's newsletter as a 'prep' for that discussion. Raoul has become quite ensconced in the cryptocurrency world and sees that…

Daily

The ‘interregnum’ of risks to the upside as yields turn down

Edward Harrison Apr 15, 2021

Just now, I was looking through the Credit Writedowns archives, searching for the phrase "to the upside" because, today I am thinking about risks being upside risks rather than downside risks. The data released this morning confirm that.…

Daily

More on inflation, the mutant wave in Canada, the stall in rates and the new normal

Edward Harrison Apr 13, 2021

This post is a bit of a catch all on what's happening right now because there is no dominant theme consuming markets. After the spike higher in rates, we have seen the first real consolidation wave. And so the trends that drove market…

Daily

The inflation bogeyman and the Fed reaction function

Edward Harrison Apr 9, 2021

Listen, the big news today is that, yesterday, I got the first shot of a two-shot Pfizer COVID-19 vaccination dose. I feel well less than 100% today to be honest. But my spirits are good. The next appointment is in three weeks. Within a…

Daily

Context for my bullish outlook in the US

Edward Harrison Apr 6, 2021

Happy Tuesday! For me, it's actually like a Monday because I took a 5-day holiday over Easter and am coming back to work today with relatively fresh eyes. So, let me make this a longer post, telling you what I am thinking and why I am…

Daily

Bullish news on the US jobs front

Edward Harrison Apr 2, 2021

Real quick on this Good Friday The US jobs report for March was superb. We got everything we wanted to see except an improvement in hourly earnings. In my view, this report bolsters the case for upside risk for the economy and inflation…

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